JSC National Atomic Company Kazatomprom (“Kazatomprom”, “KAP” or “the Company”) announces that S&P Global Ratings (“The rating agency”) has assigned the Company an Environmental, Social and Governance (ESG) Evaluation score of 51/100. Kazatomprom's ESG Evaluation score is based on the rating agency’s view of the Company’s relative exposure to observable ESG-related risks and opportunities, and its qualitative opinion of the Company’s long-term sustainability and readiness for emerging trends and potential disruptions.
S&P Global Ratings ESG evaluation methodology is based on an assessment of global relative positioning of each industry sector to environmental and social risk exposure, and regional analysis of natural disaster risk, social and governance standards. The Company’s current ESG Evaluation score of 51 reflects the mining industry's significant exposure to inherent environmental and social risks, which are partly offset by the Company's effective ESG management practices, primarily related to the highly regulated nature of its businesses at both the local and international levels. Of note, the current global maximum ESG evaluation score among Metal & Mining sector companies is 68 (of 100) with a global Metal & Mining sector average of 50 (of 100).
The ESG Evaluation was derived from the Company’s quantitative performance indicators, qualitative analysis and interactions with the Company, including meetings and discussions with Kazatomprom’s Chairman of Board of Directors, Neil Longfellow, Chief Commercial Officer, Askar Batyrbayev and the Company’s sustainability team led by A. Baizhomartova which collectively indicates the Company’s strong commitment to the highest ESG standards throughout its operations and management practices.
“According to The rating agency, Kazatomprom is better positioned than its wider mining sector peers,” said Neil Longfellow, chairman of Kazatomprom’s Board of Directors. “This is largely thanks to the Company’s exclusive use of the in-situ recovery mining method, one of the least disruptive methods available. The evaluation also reflects Kazatomprom’s commitment and contribution to global decarbonisation efforts in its downstream value chain, since it is the leading producer of the uranium used to fuel and generate low-carbon electricity from nuclear reactors. In terms of social and governance performance, The rating agency stated that the Company manages its safety and workforce risks in line with industry practices and international standards, and the assessment determined Kazatomprom’s governance practices to be broadly in line with local standards. A great deal of work goes into gathering information and organizing the data required for an ESG rating, so the Board would like to thank Mr. Batyrbayev, and the sustainability team for the significant effort that went into helping the Company reach this milestone.”
The full ESG Evaluation report from S&P Global Ratings is available at:
For more information, please contact:
Kazatomprom Investor Relations Inquiries
Yerlan Magzumov, Director, Investor Relations
Cory Kos, International Adviser, Investor Relations
Tel.: +7 7172 45 81 80 / 69
Kazatomprom Public Relations and Media Inquiries
Sabina Kumurbekova, Director, Government and Public Relations
Gazhaiyp Kumisbek, Chief Expert, Government and Public Relations
Tel.: +7 7172 45 80 22
A copy of this announcement is available at www.kazatomprom.kz.
Kazatomprom is the largest uranium producer in the world with natural uranium production in proportion to the Company's participatory interest in the amount of about 24% of the total global primary uranium production in 2021. The group has the largest uranium reserve base in the industry. Kazatomprom, together with subsidiaries, affiliates and joint organizations, is developing 26 deposits combined into 14 uranium-mining enterprises. All uranium mining enterprises are located on the territory of the Republic of Kazakhstan and when mine uranium use in-situ recovery technology, paying particular attention to best HSE practices and means (ISO 45001 and ISO 14001 certified).
Kazatomprom's securities are listed on the London Stock Exchange, the Astana International Exchange and the Kazakhstan Stock Exchange. Kazatomprom is the National Atomic Company of the Republic of Kazakhstan, and the main customers of the group are operators of nuclear generating capacities, and the main export markets for products are China, South and East Asia, North America and Europe. The Group sells uranium and uranium products under long-term and short-term contracts, as well as on the spot market directly from its corporate centre in Astana, Kazakhstan, as well as through a trading subsidiary in Switzerland, Trading House KazakAtom (THK).
For more information, please, visit our website http://www.kazatomprom.kz
Forward Looking Information
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